Over the past four hours, Worldcoin (WLD) has experienced notable volatility against Tether (USDT). The trading pair opened at approximately $1.00, dipped to a low of $1.00, and then surged to an intraday high of $1.16. Currently, the price hovers around $1.12, reflecting a gain of 12.00% from the previous close.
Technical indicators on the 4-hour chart suggest a cautious market sentiment. The Relative Strength Index (RSI) stands at 54, indicating that the asset is in a neutral state. The Moving Average Convergence Divergence (MACD) shows a bullish crossover, suggesting upward momentum. Support levels are identified at $1.00 and $1.05, while resistance levels are at $1.16 and $1.20.
Investors should monitor key support and resistance levels. A sustained move above the $1.16 resistance could signal a potential bullish reversal, while a drop below the $1.05 support might indicate a continuation of the bearish trend. Given the current market dynamics, traders are advised to exercise caution and employ appropriate risk management strategies.
For real-time updates and detailed charts, you can visit TradingView or CoinMarketCap.
